Roosevelt, NY Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Roosevelt, NY Housing Market Trends

With a population of 16,484, 4,414 total housing units (homes and apartments), and a median house value of $408,577, real estate costs in Roosevelt are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive New York communities.

Single-family detached homes are the single most common housing type in Roosevelt, accounting for 84.13% of the town's housing units. Other types of housing that are prevalent in Roosevelt include duplexes, homes converted to apartments or other small apartment buildings ( 12.96%), large apartment complexes or high rise apartments ( 1.63%), and a few row houses and other attached homes ( 1.01%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Roosevelt. Owner-occupied housing accounts for 71.64% of Roosevelt's homes, and 74.30% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Roosevelt's housing was primarily built during this period, from the '40s through the '60s. A full 56.84% of the town's housing hails from this era. Other housing ages represented in Roosevelt include homes built before 1939 ( 29.13%) and housing constructed between 1970-1999 ( 11.86%). There's also some housing in Roosevelt built between 2000 and later ( 2.17%).

Roosevelt Home Appreciation Rates

In the last 10 years, Roosevelt has experienced some of the highest home appreciation rates of any community in the nation. Roosevelt real estate appreciated 69.54% over the last ten years, which is an average annual home appreciation rate of 5.42%, putting Roosevelt in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Roosevelt definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Roosevelt appreciation rates have trailed the rest of the nation. In the last twelve months, Roosevelt's appreciation rate has been 8.07%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Roosevelt were at 3.13%, which equates to an annual appreciation rate of 13.12%.

Relative to New York, our data show that Roosevelt's latest annual appreciation rate is lower than 80% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$408,577

Roosevelt, NY HOME PRICES

> $1,348,000
1.2%
1.2%
$1,011,001 - $1,348,000
0.4%
0.4%
$674,001 - $1,011,000
2.5%
2.5%
$539,001 - $674,000
13.7%
13.7%
$404,001 - $539,000
34.8%
34.8%
$269,001 - $404,000
45.3%
45.3%
$135,001 - $269,000
0.0%
0.0%
$68,001 - $135,000
0.7%
0.7%
$0 - $68,000
1.4%
1.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

High for NY

Value Relative To Nation

Number Of Homes And Apartments:
4,414

Roosevelt Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
168.64% 4.70%
10
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$3,078 / per month

Homeownership Rate

Owners
71.6%
71.6%
Renters
28.4%
28.4%
Vacant
5.3%
5.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
2.2%
2.2%
1970 - 1999
11.9%
11.9%
1940 - 1969
56.8%
56.8%
1939 or Older
29.1%
29.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
84.1%
84.1%
Townhomes
1.0%
1.0%
Small Apt. Buildings
13.0%
13.0%
Apt. Complexes
1.6%
1.6%
Mobile Homes
0.3%
0.3%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.5%
0.5%
1 Bedroom
3.6%
3.6%
2 Bedrooms
12.9%
12.9%
3 Bedrooms
55.4%
55.4%
4 Bedrooms
18.9%
18.9%
5 or more bedrooms
8.6%
8.6%
0.0% 100.0%
% OF HOMES